Response to Lakestreet Capital Partners AG
Palace Capital PLC has acknowledged an announcement from Lakestreet Capital Partners regarding proposals to appoint two new Directors and remove Steven Owen as a Director. The company's Board, currently comprising Steven Owen as Executive Chairman and Mark Davies as Senior Independent Director, will review these proposals and issue further statements as appropriate.
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Palace Capital (LSE: PCA), notes the announcement made today by Lakestreet Capital Partners ('Lakestreet') in relation to the Company and specifically Lakestreet's proposals to appoint two new Directors and remove Steven Owen as a Director.
The Board, which currently consists of Steven Owen as Executive Chairman and Mark Davies as Senior Independent Director, will consider the proposals and make such further announcements as are appropriate in due course.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.